Key Takeaways
- Mubadala Investment Company increased its holdings in BlackRock’s spot Bitcoin ETF to 8.7 million shares valued at $408 million.
- Citadel Advisors expanded its IBIT holdings to over 3 million shares worth approximately $147 million.
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New SEC filings reveal that Abu Dhabi’s Mubadala Investment Company and Citadel Advisors have increased their holdings in BlackRock’s spot Bitcoin ETF, the iShares Bitcoin Trust (IBIT), a sign of sustained institutional interest in crypto-related assets despite recent market volatility.
Mubadala Investment Company, Abu Dhabi’s sovereign wealth fund, increased its holdings in BlackRock’s spot Bitcoin ETF to 8.7 million shares valued at $408 million as of March 31, according to a Thursday filing.
This represents an uptick from the 8.2 million IBIT shares held at the end of last year. However, the total value of the holdings fell from $436 million to $408 million due to a decline in the share price.
Between December 31, 2024, and March 31, 2025, IBIT’s share price dropped from around $54 to approximately $47, according to Yahoo Finance data. The ETF’s shares closed Thursday down slightly at $58.
Citadel Advisors also expanded its IBIT position in Q1 2025. According to a Thursday filing, the firm held over 3 million IBIT shares worth approximately $147 million, up from around 1 million shares in December.
In addition, Citadel Advisors reported holding $676 million in call options and $366 million in put options tied to…
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